Recap: Cracker Barrel Old Q3 Earnings
Portfolio Pulse from Benzinga Insights
Cracker Barrel Old (NASDAQ:CBRL) reported Q3 earnings with an EPS of $1.21, missing estimates by 9.7%. Revenue was up $42.49 million YoY. Last quarter, the company beat EPS estimates by $0.12, resulting in a 1.71% share price increase the next day.
June 06, 2023 | 12:06 pm
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Cracker Barrel's Q3 earnings missed estimates with an EPS of $1.21, down 9.7% from the expected $1.34. However, revenue increased by $42.49 million YoY.
Cracker Barrel's Q3 earnings missed estimates, which could lead to a short-term negative impact on the stock price. However, the revenue increase YoY might mitigate the impact to some extent. Last quarter's EPS beat resulted in a 1.71% share price increase the next day, indicating that earnings performance can influence the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100